CNBC Interview | The Biggest Edge That We Can Have as Investors is Patience

In this CNBC interview, Philip Palumbo shares his insights on the current market conditions and their impact on investment strategies.

He identifies the biggest risk for investors as the potential for the Fed to make a policy mistake, such as keeping rates high for too long or even potentially hiking before cutting, as some Fed policymakers debated about during their June meeting.

Persistent inflation poses a threat to the economy, particularly affecting low-income households and retirees.

Palumbo suggests looking for opportunities where stocks are trading below fair market value, specifically in sectors like REITs and utilities.

He emphasizes the importance of focusing on valuations when making investment decisions.

He closes the interview by advising the audience that trying to time the markets, economy, or interest rates is a complete waste of time. Instead, he emphasizes that the number one edge investors have is patience, which is crucial for a successful investment strategy.


 

Palumbo Wealth Management (PWM) is a registered investment advisor. Advisory services are only offered to clients or prospective clients where PWM and its representatives are properly licensed or exempt from licensure. For additional information, please visit our website at www.palumbowm.com.

The information provided is for educational and informational purposes only and does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor’s particular investment objectives, strategies, tax status or investment horizon. You should consult your attorney or tax advisor.

The views expressed in this commentary are subject to change based on market and other conditions. These documents may contain certain statements that may be deemed forwardlooking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. Any projections, market outlooks, or estimates are based upon certain assumptions and should not be construed as indicative of actual events that will occur.

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